Norben Tea & Exports Limited successfully concluded its 36th Annual General Meeting (AGM) on July 3, 2026, with shareholders passing all four proposed resolutions with a requisite majority. The meeting, conducted via Video Conferencing and Other Audio Visual Means (VC/OAVM), adopted the audited financial statements for the year ended March 31, 2026, and re-appointed Manoj Kumar Daga as Director. The voting results, scrutinized by CS Ajay Kumar Agarwal of Agarwal A & Associates, confirmed strong approval across all agenda items, including related party transactions with M/s Tongani Tea Company Ltd. and M/s Mangalam Products Pvt. Ltd.

Voting Results Overview

A total of 6,411,307 votes were polled, representing 41.25% of the total outstanding shares. The resolutions received overwhelming support, with votes in favour ranging from 99.997% to 99.998%. Promoter and Promoter Group participation was significant, with 6,044,759 votes cast via e-voting, constituting 100% of their holdings. Public non-institutional shareholders contributed 366,548 votes, while public institutions recorded zero participation.

Resolution Details

The first resolution, concerning the adoption of audited financial statements for FY26, secured 6,411,180 votes in favour, representing 99.998% of the votes polled. Only 127 votes were cast against this resolution. The second resolution for the re-appointment of Manoj Kumar Daga (DIN: 00123386) received identical support, with 6,411,180 votes in favour and 127 against, ensuring his continuation as Director.

Related Party Transactions

Shareholders authorized related party transactions with M/s Tongani Tea Company Ltd. and M/s Mangalam Products Pvt. Ltd. for the next 12 months. Both transactions are repetitive in nature and will be conducted in the ordinary course of business. The resolution for M/s Tongani Tea Company Ltd. passed with 6,411,180 votes in favour, while the resolution for M/s Mangalam Products Pvt. Ltd. received 6,411,130 votes in favour against 177 votes against.

Meeting Proceedings

The remote e-voting period commenced on June 30, 2026, and concluded on July 2, 2026. Votes were unblocked on July 3, 2026, at 1:36 p.m. in the presence of witnesses Mr. Raunak Tantia and Ms. Farheen Parween. Namrata Das, Company Secretary & Compliance Officer, submitted the voting results to the BSE Limited and National Stock Exchange of India Limited, confirming compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Norben Tea & Exports Ltd has confirmed that its promoters and persons acting in concert did not create any encumbrance on their shareholdings during the financial year ended March 31, 2026. Manoj Kumar Daga, the authorized signatory for the Promoters' Group, provided this assurance in a declaration addressed to the company's Audit Committee.

The confirmation was submitted in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose any encumbrance on shares held by them or by persons acting in concert. The declaration explicitly states that no such encumbrance, direct or indirect, was made during the specified period.

Copies of the declaration were forwarded to the stock exchanges to ensure regulatory compliance. The acknowledgments were sent to the Secretary of the National Stock Exchange of India Ltd and the Secretary of BSE Limited. Additionally, the Registrar and Share Transfer Agents, MCS Share Transfer Agent Limited, was marked as a copyee in the correspondence.

The disclosure provides transparency regarding the holding status of the promoter group during FY26. By confirming the absence of encumbrances, the company adheres to the disclosure requirements mandated by the market regulator for substantial acquisition of shares and takeovers.